CapitaLand Integrated Commercial Trust (CICT) continues to dominate the S-REITs circle. The latest 1H 2026 financial report from CICT (SGX: C38U) proves exactly why this STI blue-chip is in a class of its own. While foreign-focused logistics (e.g. Mapletree Logistics Trust) and commercial REITs (e.g. Keppel REIT) remain in a state of perpetual drunken stupor, CICT delivered a swashbuckling 7.1% year-on-year surge in Distribution Per Unit (DPU) to 6.02 cents. For background, CICT (SGX: C38U) is the first and largest real estate investment trust (REIT) listed on SGX with a market capitalisation of $18.9 billion as at 30 June 2026. It debuted as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust. CICT’s portfolio comprises 21 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia. The portfolio property value amounts to $30.9 billion. What is surprising to me is that the latest DPU growth was achieved despite an enlarged unit base following...